World Investment Advisors Acquires Shares of 9,958 Jackson Financial Inc. $JXN

by · The Cerbat Gem

World Investment Advisors bought a new position in shares of Jackson Financial Inc. (NYSE:JXN – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,958 shares of the company’s stock, valued at approximately $1,062,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Allworth Financial LP lifted its holdings in Jackson Financial by 404.0% during the third quarter. Allworth Financial LP now owns 252 shares of the company’s stock worth $26,000 after acquiring an additional 202 shares during the period. Optiver Holding B.V. grew its stake in Jackson Financial by 469.2% in the 3rd quarter. Optiver Holding B.V. now owns 296 shares of the company’s stock valued at $30,000 after purchasing an additional 244 shares during the period. Rothschild Investment LLC grew its stake in Jackson Financial by 79.9% in the 4th quarter. Rothschild Investment LLC now owns 322 shares of the company’s stock valued at $34,000 after purchasing an additional 143 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Jackson Financial during the 4th quarter valued at $35,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Jackson Financial during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Jackson Financial Stock Up 0.2%

JXN stock opened at $107.05 on Monday. The stock has a fifty day moving average of $108.62 and a 200-day moving average of $109.30. Jackson Financial Inc. has a fifty-two week low of $82.30 and a fifty-two week high of $123.61. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of -17.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.27 and a current ratio of 0.27.

Jackson Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.60 annualized dividend and a yield of 3.4%. Jackson Financial’s dividend payout ratio is -58.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on JXN shares. Keefe, Bruyette & Woods boosted their price target on shares of Jackson Financial from $120.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded shares of Jackson Financial from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Barclays lowered their price objective on shares of Jackson Financial from $138.00 to $136.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Jackson Financial currently has an average rating of “Hold” and a consensus price target of $115.80.

Get Our Latest Report on JXN

About Jackson Financial

(Free Report)

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

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